With cash registers not ringing like they used to, trade is becoming a practical solution for small businesses looking to survive and grow.
Small businesses already play a vital role in America’s trade and commerce, representing 97 percent of all exporters. Yet, with only one percent of small firms exporting their goods—making up slightly more than a quarter of the country’s export volume—trade remains dominated by larger businesses.
Entrepreneurs from across the country have told me that available services to help them enter the trade market and remain internationally competitive are in need of vital, but simple, changes. That is why I’ve introduced the Small Business International Trade Enhancements Act, which makes key improvements to some of the export assistance and trade programs offered by the Small Business Administration. The bill increases the number of trade specialists available to aid small exporters and helps to ensure that small firms have more opportunities to grow their businesses by expanding into international markets.
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